Your roommate is about to submit a scope statement for a spring concert sponsored by the entertainment council at Western Evergreen State University (WESU). WESU is a residential university with over 22,000 students. This will be the first time in six years since WESU sponsored a spring concert. The entertainment council has budgeted $40,000 for the project. The event is to occur on June 5th. Since your roommate knows you are taking a class on project management she has asked you to review her scope statement and make suggestions for improvement. She considers the concert a resume-building experience and wants to be as professional as possible. Below is a draft of her scope statement. What suggestions would you make and why? . WESU Spring Music Concert Project Objective To organize and deliver a 6-hour music concert by June 5th at cost to not exceed $40,000. Deliverables
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Your roommate is about to submit a scope statement for a spring concert sponsored by
the entertainment council at Western Evergreen State University (WESU). WESU is a
residential university with over 22,000 students. This will be the first time in six years
since WESU sponsored a spring concert. The entertainment council has budgeted
$40,000 for the project. The event is to occur on June 5th. Since your roommate knows
you are taking a class on project management she has asked you to review her scope
statement and make suggestions for improvement. She considers the concert a
resume-building experience and wants to be as professional as possible. Below is a draft
of her scope statement. What suggestions would you make and why?
.
WESU Spring Music Concert
Project Objective
To organize and deliver a 6-hour music concert by June 5th at cost to not exceed $40,000.
Deliverables.
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